Company Number: 13115113

Analysis Date: 2025-07-20 12:05 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, with net current liabilities persisting over multiple years and a drastic reduction in net assets. The micro-entity status and unaudited accounts limit financial transparency, raising concerns about operational sustainability.

2. Key Concerns:

• Persistent Negative Net Current Assets: The company has recorded net current liabilities for at least three consecutive years (approx. -£13,496 in 2025), indicating ongoing liquidity stress and potential difficulty meeting short-term obligations.
• Declining Net Assets and Shareholders’ Funds: Net assets have fallen sharply from £32,690 in 2021 to just £402 in 2025, reflecting erosion of the company’s capital base and possible accumulated losses.
• Reliance on a Single Director and Shareholder: Control is highly concentrated with Mr Bobby Mcnamara holding 75-100% shares and voting rights, potentially increasing governance risk and reducing operational resilience.

3. Positive Indicators:

• Compliance with Filing Deadlines: The company is up to date with both accounts and confirmation statement filings, demonstrating adherence to statutory requirements.
• Stable Employee Base: The company employs an average of 8 persons consistently, suggesting operational continuity and some stability in workforce.
• Fixed Assets Base: Despite some decline, the company maintains fixed assets (e.g., equipment) valued over £50,000, which may support ongoing business activities.

4. Due Diligence Notes:

• Investigate the nature and terms of the company’s long-term liabilities (~£36k), to assess repayment obligations and potential refinancing risks.
• Review detailed cash flow statements and creditor ageing to better understand liquidity management and working capital constraints.
• Evaluate the business model and contracts underpinning the electrical installation activities to assess revenue sustainability given financial pressures.
• Confirm absence of director disqualifications or regulatory compliance issues beyond what is publicly available.
• Consider the impact of not having an audit on financial statement reliability, and whether additional assurance or management accounts can be obtained.